Thoughts and listings about Oakland Homes and Oakland Condos

There are so many tips about fixing up your home before you put it on the market.  You can go as far as hiring a designer to come in and “stage” your house, or have a new front garden installed to increase its curb appeal.  With families centered around the kitchen, any new appliances or cabinet door fronts are a welcome addition to a tired format.  All this costs money, but surveys have shown that some of this is a wise investment, because your home is more attractive and can command a higher price.

One thing that often gets overlooked is cracks.  Cracks can mean a lot of things, and can make people anxious about the condition of the home.  A house can look fresh and newly painted, but if cracks-even very small ones- are showing up in the floors, on the…

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Actually, the question should be "Why not choose Oakland?". It's central location on the coast makes an ideal departure site for nearby San Francisco or busy San Jose.  It is short distance from scenic coastal towns like Monterey or Mendocino, or the nearby wine country of Napa and Sonoma counties.  
Looking for your own personal scenic views?  feb_2009_044_400The hills above Oakland gives you a panoramic view in every direction.  The Oakland estuary offers everything from small kayaks to sailboat racing on weeknights, to the bright white Coast Guard cutters making ready for long offshore trips.
Enjoy mountain views?  The Claremont and Montclair neighborhoods have streets lined with ecalyptus, pine, manzanita and fir trees, causing you to mistake the area for Lake Tahoe.  

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In just a few years Oakland, San Leandro and other East Bay homes have become affordable to many first time home buyers. The median price of Bay Area homes has continued to drop from $720,000 in the spring of 2007 to the current $295,000 median price of homes sold in Feb 2008.  The majority of these homes have been REOs(bank owned) and short sale (pre- foreclosure) listings but these have also brought down the price of surrounding owner occupied homes as well. Additional changes in lending practices and the $8000 federal tax credit have also stimulated buying in many neighborhoods. Maxwell Park, Laurel, and Dimond neighborhoods have seen plenty of buyers looking to get into these areas.  Some houses are selling for over $200,000 less than they were just…

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Oakland has always a diverse city but never more so than now. There are now three different homes in Oakland listed for $45,000 and less and 3 homes listed for more than $3.5 million. One of the Million dollar listings has breathtaking views of Oakland, San Francisco as well as the $33,000 home in the flat lands, though you might need a telescope to see it.

1504 92nd is a cute 2 bedroom 1 bath bungalow that is listed at $33,000. This same home would sell for 10 times this amount and more in many Oakland neighborhoods but as they say, ' location, location, location". In reading the MLS further, the $33,000 listing price is actually the opening bid at auction later in the month but I will keep you posted for what it actually sells for.

 

Another house on…

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I just read an interesting article on the state of home sales in parts of Oakland.  Low priced ($200,000 and less) homes are becoming very attractive to investors. They can buy a home, rent it out, and still have positive cash flow because of the strong rental market. Many investors are coming in with all-cash offers for a smooth transaction with the bank.

The median price of a home in Oakland is now $330,000 which is roughly half of what it was only 18 months ago. What is driving homes sales up and prices down is the amount of REOs (bank-owned) and short-sales being sold. 50% of homes sales last month involved foreclosed homes, but foreclosures only represented 14% in Dec. 2007.

Banks are also starting to list their homes low and let the market…

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I always take info from the internet with a grain of salt but here are a few figures I found. 

 

Top 10 Worst States For Foreclosures

Top 10 Worst States For Foreclosures in 2008

1. Nevada – 1 in 61 households
2. California – 1 in 88 households
3. Florida– 1 in 95 households
4. Michigan– 1 in 102 households
5. Ohio– 1 in 107 households
6. Colorado – 1 in 109 households
7. Arizona – 1 in 112 households
8. Georgia– 1 in 142 households
9. Indiana– 1 in 196 households
10. Texas– 1 in 205 households

Top 10 States With Least Amount of Foreclosures in 2008

1. Vermont – 1 in 12,294 households
2. South Dakota – 1 in 4,693 households
3. North Dakota – 1 in 4,288 households
4. West Virginia – 1 in 3,071 households
5. Mississippi – 1 in 2,501…

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First off, I realize that blogging requires a commitment to the 'art' . I am not a writer by training ;-). You have probably already figured this out in my first sentence or two. I am a poor speller and never was confortable in Mrs. Singaras' English class at Skyline (1984). But I hope that I can entertain and amuse you all with some stories and histroy about my real estate adventures. It is Nov. 2008. Obama was elected days ago and the country and the Bay Area in general are in for a lot of changes. What will this mean for Oakland and the neighborhoods, remains to be seen. But we are hopeful and because I love Oakland so much, I am not moving anywhere else, so stick with me and let's experience Oakland together.

 

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